Conoco Phillips (COP): Street Finally Waking Up

Currently, there are 1.18B common shares owned by the public and among those 1.18B shares have been available to trade.

However, the script later moved the day high at 115.36, up 1.99%. The company’s stock has a 5-day price change of 3.23% and 4.16% over the past three months. COP shares are trading -0.53% year to date (YTD), with the 12-month market performance up to 11.01% higher. It has a 12-month low price of $89.81 and touched a high of $127.12 over the same period. COP has an average intraday trading volume of 6.12 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.25%, 2.95%, and 1.96% respectively.

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Institutional ownership of Conoco Phillips (NYSE: COP) shares accounts for 83.83% of the company’s 1.18B shares outstanding.

It has a market capitalization of $135.58B and a beta (3y monthly) value of 1.23. The stock’s trailing 12-month PE ratio is 12.71, while the earnings-per-share (ttm) stands at $9.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.64% over the week and 1.95% over the month.

Analysts forecast that Conoco Phillips (COP) will achieve an EPS of $1.97 for the current quarter, $2.04 for the next quarter and $9.69 for 2025. The lowest estimate earnings-per-share for the quarter is $1.6 while analysts give the company a high EPS estimate of $2.95. Comparatively, EPS for the current quarter was $2.38 a year ago. Earnings per share for the fiscal year are expected to decrease by -3.89%, and 13.28% over the next financial year. EPS should shrink at an annualized rate of -10.12% over the next five years, compared to 11.22% over the past 5-year period.

Johnson Rice coverage for the Conoco Phillips (COP) stock in a research note released on November 14, 2023 offered a Accumulate rating with a price target of $135. Wolfe Research was of a view on July 07, 2023 that the stock is Outperform, while UBS gave the stock Buy rating on April 19, 2023, issuing a price target of $139. Mizuho on their part issued Neutral rating on April 17, 2023.

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